Minimum Amount Due (MAD) Revised Computation Logic
Minimum Amount Due (MAD) calculation will be revised as explained below with effect from your June 2025 statement onwards.
If 30% of (Finance Charge + Retail Spends) is higher than the Finance Charge, then:
MAD = Total GST + EMI amount (if applicable) +100% of Fees/Charges + 30% of (Finance Charge + Retail Spends). Please refer to Illustration 1.
If 30% of (Finance Charge + Retail Spends) is less than the Finance Charge, then:
MAD = Total GST + EMI amount (if applicable) + 100% of Fees/Charges + 100% of Finance Charges + 30% of Retail Spends. Please refer to Illustration 2.
In the Illustration below, 30% of (Finance Charge + Retail balance) = ₹3,600, which is higher than the Finance charge of ₹2,000. Hence, the MAD will be calculated as stated in the table below.
| Illustration 1 | ||||
|---|---|---|---|---|
| Credit Limit | 1,00,000 | |||
| Header | Statemented Amount | MAD % | MAD Amount | |
| A | Retail/Cash Outstanding balance | 10,000 | 30% | 3,600 |
| B | Finance Charge | 2,000 | 30% | |
| C | Fees & Charges | 300 | 100% | 300 |
| D | Total GST in the statement | 414 | 100% | 414 |
| Total Amount due | 12,714 | 4,314 |
In the illustration below, 30% of (Finance Charge + Retail balance) = ₹4,440 which is lower than the finance charge of ₹4,800, hence, the MAD will be calculated as stated in the table below.
| Illustration 2 | ||||
|---|---|---|---|---|
| Credit Limit | 5,00,000 | |||
| Header | Statemented Amount | MAD % | MAD Amount | |
| A | Retail/Cash Outstanding balance | 10,000 | 30% | 7,800 |
| B | Finance Charge | 4,800 | 100% | |
| C | Fees & Charges | 300 | 100% | 300 |
| D | Total GST in the statement | 918 | 100% | 918 |
| Total Amount due | 16,018 | 9,018 |
Note : MAD Calculation includes the rounding of 30% of principal and Interest to the nearest 10th digit. Any unpaid Minimum Amount Due of the previous statements will be added to the cardmember’s current Minimum Amount Due. In cases where MAD value below or equal to Rs 200, the MAD value will be charged as ₹200. Where statement value of Total Amount Due (TAD) is ₹200 and lower, MAD will be equal to TAD.
Finance Charge applies only if the outstanding balance on your card is not paid in full by the Payment Due Date. If a Cardholder avails of the revolving credit facility of the HDFC Bank Purchase Credit Card and hence chooses to pay an amount less than the total amount due reflected in the monthly billing statement, the entire outstanding amount except charges would attract finance charges and all new transactions will also attract finance charges till such time as the previous outstanding amounts are repaid in full by the due date.
For further details, please refer to MITC or contact HDFC Bank Customer Service.
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